Savings Plan and Future Cost Estimation for Pratt Community College

How much will it cost and what do you need to save?

Savings Plan and Future Cost Estimation

Estimated Annual Cost in 2042$55,041
Monthly savings required$245

How much will it cost to send your child to Pratt Community College in 18 years and how much do you need to save?  A 2 year degree is estimated to be priced at $110,082.30 for students enrolling in 2042 if tuition increases average 7% per year until then.   Assuming you have no current college savings, monthly deposits of $244.54 into a 529 or other college savings plan earning and after tax or tax exempt return of 7% will be necessary to achieve this balance.

Assumptions

Current Annual Cost$15,734.00
Years until enrollment18
Annual Tuition Increase7%
Current Savings$0.00
After Tax Return on Savings7%
Years of enrollment2

Current Savings Shortfall

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Planned Savings Balance

College Savings Schedule

Month Begin Deposit Withdraw Interest End
1 $0.00 $244.54 $0.00 $0.00 $244.54
2 $244.54 $244.54 $0.00 $1.38 $490.46
3 $490.46 $244.54 $0.00 $2.77 $737.77
4 $737.77 $244.54 $0.00 $4.17 $986.48
5 $986.48 $244.54 $0.00 $5.58 $1,236.60
6 $1,236.60 $244.54 $0.00 $6.99 $1,488.13
7 $1,488.13 $244.54 $0.00 $8.41 $1,741.08
8 $1,741.08 $244.54 $0.00 $9.84 $1,995.46
9 $1,995.46 $244.54 $0.00 $11.28 $2,251.28
10 $2,251.28 $244.54 $0.00 $12.73 $2,508.55
11 $2,508.55 $244.54 $0.00 $14.18 $2,767.27
12 $2,767.27 $244.54 $0.00 $15.65 $3,027.46
13 $3,027.46 $244.54 $0.00 $17.12 $3,289.12
14 $3,289.12 $244.54 $0.00 $18.60 $3,552.26
15 $3,552.26 $244.54 $0.00 $20.08 $3,816.88
16 $3,816.88 $244.54 $0.00 $21.58 $4,083.00
17 $4,083.00 $244.54 $0.00 $23.09 $4,350.63
18 $4,350.63 $244.54 $0.00 $24.60 $4,619.77
19 $4,619.77 $244.54 $0.00 $26.12 $4,890.43
20 $4,890.43 $244.54 $0.00 $27.65 $5,162.62
21 $5,162.62 $244.54 $0.00 $29.19 $5,436.35
22 $5,436.35 $244.54 $0.00 $30.74 $5,711.63
23 $5,711.63 $244.54 $0.00 $32.29 $5,988.46
24 $5,988.46 $244.54 $0.00 $33.86 $6,266.86
25 $6,266.86 $244.54 $0.00 $35.43 $6,546.83
26 $6,546.83 $244.54 $0.00 $37.02 $6,828.39
27 $6,828.39 $244.54 $0.00 $38.61 $7,111.54
28 $7,111.54 $244.54 $0.00 $40.21 $7,396.29
29 $7,396.29 $244.54 $0.00 $41.82 $7,682.65
30 $7,682.65 $244.54 $0.00 $43.44 $7,970.63
31 $7,970.63 $244.54 $0.00 $45.07 $8,260.24
32 $8,260.24 $244.54 $0.00 $46.70 $8,551.48
33 $8,551.48 $244.54 $0.00 $48.35 $8,844.37
34 $8,844.37 $244.54 $0.00 $50.01 $9,138.92
35 $9,138.92 $244.54 $0.00 $51.67 $9,435.13
36 $9,435.13 $244.54 $0.00 $53.35 $9,733.02
37 $9,733.02 $244.54 $0.00 $55.03 $10,032.59
38 $10,032.59 $244.54 $0.00 $56.73 $10,333.86
39 $10,333.86 $244.54 $0.00 $58.43 $10,636.83
40 $10,636.83 $244.54 $0.00 $60.14 $10,941.51
41 $10,941.51 $244.54 $0.00 $61.86 $11,247.91
42 $11,247.91 $244.54 $0.00 $63.60 $11,556.05
43 $11,556.05 $244.54 $0.00 $65.34 $11,865.93
44 $11,865.93 $244.54 $0.00 $67.09 $12,177.56
45 $12,177.56 $244.54 $0.00 $68.85 $12,490.95
46 $12,490.95 $244.54 $0.00 $70.63 $12,806.12
47 $12,806.12 $244.54 $0.00 $72.41 $13,123.07
48 $13,123.07 $244.54 $0.00 $74.20 $13,441.81
49 $13,441.81 $244.54 $0.00 $76.00 $13,762.35
50 $13,762.35 $244.54 $0.00 $77.81 $14,084.70
51 $14,084.70 $244.54 $0.00 $79.64 $14,408.88
52 $14,408.88 $244.54 $0.00 $81.47 $14,734.89
53 $14,734.89 $244.54 $0.00 $83.31 $15,062.74
54 $15,062.74 $244.54 $0.00 $85.17 $15,392.45
55 $15,392.45 $244.54 $0.00 $87.03 $15,724.02
56 $15,724.02 $244.54 $0.00 $88.91 $16,057.47
57 $16,057.47 $244.54 $0.00 $90.79 $16,392.80
58 $16,392.80 $244.54 $0.00 $92.69 $16,730.03
59 $16,730.03 $244.54 $0.00 $94.59 $17,069.16
60 $17,069.16 $244.54 $0.00 $96.51 $17,410.21
61 $17,410.21 $244.54 $0.00 $98.44 $17,753.19
62 $17,753.19 $244.54 $0.00 $100.38 $18,098.11
63 $18,098.11 $244.54 $0.00 $102.33 $18,444.98
64 $18,444.98 $244.54 $0.00 $104.29 $18,793.81
65 $18,793.81 $244.54 $0.00 $106.26 $19,144.61
66 $19,144.61 $244.54 $0.00 $108.25 $19,497.40
67 $19,497.40 $244.54 $0.00 $110.24 $19,852.18
68 $19,852.18 $244.54 $0.00 $112.25 $20,208.97
69 $20,208.97 $244.54 $0.00 $114.26 $20,567.77
70 $20,567.77 $244.54 $0.00 $116.29 $20,928.60
71 $20,928.60 $244.54 $0.00 $118.33 $21,291.47
72 $21,291.47 $244.54 $0.00 $120.39 $21,656.40
73 $21,656.40 $244.54 $0.00 $122.45 $22,023.39
74 $22,023.39 $244.54 $0.00 $124.52 $22,392.45
75 $22,392.45 $244.54 $0.00 $126.61 $22,763.60
76 $22,763.60 $244.54 $0.00 $128.71 $23,136.85
77 $23,136.85 $244.54 $0.00 $130.82 $23,512.21
78 $23,512.21 $244.54 $0.00 $132.94 $23,889.69
79 $23,889.69 $244.54 $0.00 $135.08 $24,269.31
80 $24,269.31 $244.54 $0.00 $137.22 $24,651.07
81 $24,651.07 $244.54 $0.00 $139.38 $25,034.99
82 $25,034.99 $244.54 $0.00 $141.55 $25,421.08
83 $25,421.08 $244.54 $0.00 $143.73 $25,809.35
84 $25,809.35 $244.54 $0.00 $145.93 $26,199.82
85 $26,199.82 $244.54 $0.00 $148.14 $26,592.50
86 $26,592.50 $244.54 $0.00 $150.36 $26,987.40
87 $26,987.40 $244.54 $0.00 $152.59 $27,384.53
88 $27,384.53 $244.54 $0.00 $154.84 $27,783.91
89 $27,783.91 $244.54 $0.00 $157.09 $28,185.54
90 $28,185.54 $244.54 $0.00 $159.37 $28,589.45
91 $28,589.45 $244.54 $0.00 $161.65 $28,995.64
92 $28,995.64 $244.54 $0.00 $163.95 $29,404.13
93 $29,404.13 $244.54 $0.00 $166.26 $29,814.93
94 $29,814.93 $244.54 $0.00 $168.58 $30,228.05
95 $30,228.05 $244.54 $0.00 $170.91 $30,643.50
96 $30,643.50 $244.54 $0.00 $173.26 $31,061.30
97 $31,061.30 $244.54 $0.00 $175.63 $31,481.47
98 $31,481.47 $244.54 $0.00 $178.00 $31,904.01
99 $31,904.01 $244.54 $0.00 $180.39 $32,328.94
100 $32,328.94 $244.54 $0.00 $182.79 $32,756.27
101 $32,756.27 $244.54 $0.00 $185.21 $33,186.02
102 $33,186.02 $244.54 $0.00 $187.64 $33,618.20
103 $33,618.20 $244.54 $0.00 $190.08 $34,052.82
104 $34,052.82 $244.54 $0.00 $192.54 $34,489.90
105 $34,489.90 $244.54 $0.00 $195.01 $34,929.45
106 $34,929.45 $244.54 $0.00 $197.50 $35,371.49
107 $35,371.49 $244.54 $0.00 $200.00 $35,816.03
108 $35,816.03 $244.54 $0.00 $202.51 $36,263.08
109 $36,263.08 $244.54 $0.00 $205.04 $36,712.66
110 $36,712.66 $244.54 $0.00 $207.58 $37,164.78
111 $37,164.78 $244.54 $0.00 $210.14 $37,619.46
112 $37,619.46 $244.54 $0.00 $212.71 $38,076.71
113 $38,076.71 $244.54 $0.00 $215.29 $38,536.54
114 $38,536.54 $244.54 $0.00 $217.89 $38,998.97
115 $38,998.97 $244.54 $0.00 $220.51 $39,464.02
116 $39,464.02 $244.54 $0.00 $223.14 $39,931.70
117 $39,931.70 $244.54 $0.00 $225.78 $40,402.02
118 $40,402.02 $244.54 $0.00 $228.44 $40,875.00
119 $40,875.00 $244.54 $0.00 $231.11 $41,350.65
120 $41,350.65 $244.54 $0.00 $233.80 $41,828.99
121 $41,828.99 $244.54 $0.00 $236.51 $42,310.04
122 $42,310.04 $244.54 $0.00 $239.23 $42,793.81
123 $42,793.81 $244.54 $0.00 $241.96 $43,280.31
124 $43,280.31 $244.54 $0.00 $244.71 $43,769.56
125 $43,769.56 $244.54 $0.00 $247.48 $44,261.58
126 $44,261.58 $244.54 $0.00 $250.26 $44,756.38
127 $44,756.38 $244.54 $0.00 $253.06 $45,253.98
128 $45,253.98 $244.54 $0.00 $255.87 $45,754.39
129 $45,754.39 $244.54 $0.00 $258.70 $46,257.63
130 $46,257.63 $244.54 $0.00 $261.55 $46,763.72
131 $46,763.72 $244.54 $0.00 $264.41 $47,272.67
132 $47,272.67 $244.54 $0.00 $267.29 $47,784.50
133 $47,784.50 $244.54 $0.00 $270.18 $48,299.22
134 $48,299.22 $244.54 $0.00 $273.09 $48,816.85
135 $48,816.85 $244.54 $0.00 $276.02 $49,337.41
136 $49,337.41 $244.54 $0.00 $278.96 $49,860.91
137 $49,860.91 $244.54 $0.00 $281.92 $50,387.37
138 $50,387.37 $244.54 $0.00 $284.90 $50,916.81
139 $50,916.81 $244.54 $0.00 $287.89 $51,449.24
140 $51,449.24 $244.54 $0.00 $290.90 $51,984.68
141 $51,984.68 $244.54 $0.00 $293.93 $52,523.15
142 $52,523.15 $244.54 $0.00 $296.97 $53,064.66
143 $53,064.66 $244.54 $0.00 $300.04 $53,609.24
144 $53,609.24 $244.54 $0.00 $303.11 $54,156.89
145 $54,156.89 $244.54 $0.00 $306.21 $54,707.64
146 $54,707.64 $244.54 $0.00 $309.32 $55,261.50
147 $55,261.50 $244.54 $0.00 $312.46 $55,818.50
148 $55,818.50 $244.54 $0.00 $315.61 $56,378.65
149 $56,378.65 $244.54 $0.00 $318.77 $56,941.96
150 $56,941.96 $244.54 $0.00 $321.96 $57,508.46
151 $57,508.46 $244.54 $0.00 $325.16 $58,078.16
152 $58,078.16 $244.54 $0.00 $328.38 $58,651.08
153 $58,651.08 $244.54 $0.00 $331.62 $59,227.24
154 $59,227.24 $244.54 $0.00 $334.88 $59,806.66
155 $59,806.66 $244.54 $0.00 $338.16 $60,389.36
156 $60,389.36 $244.54 $0.00 $341.45 $60,975.35
157 $60,975.35 $244.54 $0.00 $344.76 $61,564.65
158 $61,564.65 $244.54 $0.00 $348.10 $62,157.29
159 $62,157.29 $244.54 $0.00 $351.45 $62,753.28
160 $62,753.28 $244.54 $0.00 $354.82 $63,352.64
161 $63,352.64 $244.54 $0.00 $358.21 $63,955.39
162 $63,955.39 $244.54 $0.00 $361.61 $64,561.54
163 $64,561.54 $244.54 $0.00 $365.04 $65,171.12
164 $65,171.12 $244.54 $0.00 $368.49 $65,784.15
165 $65,784.15 $244.54 $0.00 $371.95 $66,400.64
166 $66,400.64 $244.54 $0.00 $375.44 $67,020.62
167 $67,020.62 $244.54 $0.00 $378.94 $67,644.10
168 $67,644.10 $244.54 $0.00 $382.47 $68,271.11
169 $68,271.11 $244.54 $0.00 $386.01 $68,901.66
170 $68,901.66 $244.54 $0.00 $389.58 $69,535.78
171 $69,535.78 $244.54 $0.00 $393.17 $70,173.49
172 $70,173.49 $244.54 $0.00 $396.77 $70,814.80
173 $70,814.80 $244.54 $0.00 $400.40 $71,459.74
174 $71,459.74 $244.54 $0.00 $404.04 $72,108.32
175 $72,108.32 $244.54 $0.00 $407.71 $72,760.57
176 $72,760.57 $244.54 $0.00 $411.40 $73,416.51
177 $73,416.51 $244.54 $0.00 $415.11 $74,076.16
178 $74,076.16 $244.54 $0.00 $418.84 $74,739.54
179 $74,739.54 $244.54 $0.00 $422.59 $75,406.67
180 $75,406.67 $244.54 $0.00 $426.36 $76,077.57
181 $76,077.57 $244.54 $0.00 $430.15 $76,752.26
182 $76,752.26 $244.54 $0.00 $433.97 $77,430.77
183 $77,430.77 $244.54 $0.00 $437.80 $78,113.11
184 $78,113.11 $244.54 $0.00 $441.66 $78,799.31
185 $78,799.31 $244.54 $0.00 $445.54 $79,489.39
186 $79,489.39 $244.54 $0.00 $449.44 $80,183.37
187 $80,183.37 $244.54 $0.00 $453.37 $80,881.28
188 $80,881.28 $244.54 $0.00 $457.31 $81,583.13
189 $81,583.13 $244.54 $0.00 $461.28 $82,288.95
190 $82,288.95 $244.54 $0.00 $465.27 $82,998.76
191 $82,998.76 $244.54 $0.00 $469.29 $83,712.59
192 $83,712.59 $244.54 $0.00 $473.32 $84,430.45
193 $84,430.45 $244.54 $0.00 $477.38 $85,152.37
194 $85,152.37 $244.54 $0.00 $481.46 $85,878.37
195 $85,878.37 $244.54 $0.00 $485.57 $86,608.48
196 $86,608.48 $244.54 $0.00 $489.70 $87,342.72
197 $87,342.72 $244.54 $0.00 $493.85 $88,081.11
198 $88,081.11 $244.54 $0.00 $498.02 $88,823.67
199 $88,823.67 $244.54 $0.00 $502.22 $89,570.43
200 $89,570.43 $244.54 $0.00 $506.44 $90,321.41
201 $90,321.41 $244.54 $0.00 $510.69 $91,076.64
202 $91,076.64 $244.54 $0.00 $514.96 $91,836.14
203 $91,836.14 $244.54 $0.00 $519.25 $92,599.93
204 $92,599.93 $244.54 $0.00 $523.57 $93,368.04
205 $93,368.04 $244.54 $0.00 $527.92 $94,140.50
206 $94,140.50 $244.54 $0.00 $532.28 $94,917.32
207 $94,917.32 $244.54 $0.00 $536.68 $95,698.54
208 $95,698.54 $244.54 $0.00 $541.09 $96,484.17
209 $96,484.17 $244.54 $0.00 $545.54 $97,274.25
210 $97,274.25 $244.54 $0.00 $550.00 $98,068.79
211 $98,068.79 $244.54 $0.00 $554.50 $98,867.83
212 $98,867.83 $244.54 $0.00 $559.01 $99,671.38
213 $99,671.38 $244.54 $0.00 $563.56 $100,479.48
214 $100,479.48 $244.54 $0.00 $568.13 $101,292.15
215 $101,292.15 $244.54 $0.00 $572.72 $102,109.41
216 $102,109.41 $244.54 $0.00 $577.34 $102,931.29
217 $102,931.29 $244.54 $53,179.85 $581.99 $50,577.97
218 $50,577.97 $244.54 $0.00 $285.98 $51,108.49
219 $51,108.49 $244.54 $0.00 $288.97 $51,642.00
220 $51,642.00 $244.54 $0.00 $291.99 $52,178.53
221 $52,178.53 $244.54 $0.00 $295.02 $52,718.09
222 $52,718.09 $244.54 $0.00 $298.08 $53,260.71
223 $53,260.71 $244.54 $0.00 $301.14 $53,806.39
224 $53,806.39 $244.54 $0.00 $304.23 $54,355.16
225 $54,355.16 $244.54 $0.00 $307.33 $54,907.03
226 $54,907.03 $244.54 $0.00 $310.45 $55,462.02
227 $55,462.02 $244.54 $0.00 $313.59 $56,020.15
228 $56,020.15 $244.54 $0.00 $316.75 $56,581.44
229 $56,581.44 $0.00 $56,902.44 $319.92 -$1.08